The Trust Layer for Market Analysts

The analysis focuses on XAUUSD, currently trading around 4258.00, with a bearish outlook. The price experienced a significant crash followed by a range-bound period between 4238-4204. A recent spike, termed 'SL Hunting,' occurred where the market targeted stop losses before continuing its downward movement. The 'discount zone' is identified between 4238 and 4204. The predicted target for a bearish trend is 4109.00. A failure for this bearish outlook would occur if the price breaks above 4304.00. The analysis suggests that positive CPI data might lead to a further crash, while negative data could result in a pullback to the 4300-4285 levels before a potential continuation of the downtrend. Trading in the 'discount zone' or waiting for a clear break and confirmation below the 4204 level is advised for bearish entries.